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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Massive Strategic Failures in the Financial Services Industry
Author(s): Joseph Gilbert
Citation: Joseph Gilbert, (2014) "Massive Strategic Failures in the Financial Services Industry," Journal of Applied Business and Economics, Vol. 16, Iss. 6, pp. 26-31
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Strategic management theory concentrates mostly on business success. However, much can be learned
from studying business failure as well. During the Great Recession, an unusually large number of major
financial institutions failed. Many books and government reports document the details of these failures
and present various causal analyses. Much remains to be learned, and academic studies using the tools of
strategy and other business disciplines should lead to increased understanding of these failures. If we
could attain a better understanding of the failures, steps might be taken by executives and regulators to
reduce the risk of their repetition.
